Summary: The Securities and Exchange Commission has adopted new Exchange Act Rule 10C-1, as required under Section 952 of Dodd-Frank, directing stock exchanges to adopt listing standards for compensation committees and compensation advisors. The SEC also adopted an amendment to existing proxy disclosure rules requiring an issuer to disclose whether the work of any compensation advisor raised conflicts of interest and, if so, the nature of those conflicts and how they were addressed.
Given that the new rules likely will be in place for the 2013 proxy season, this client alert explores changes that boards of directors should begin thinking about pending final adoption of the rules.
Also of Interest
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- Bloomberg Business: Moriarty Returns for “Taking Stock” ETFs & Bitcoin Podcast September 22, 2016 • Media Mentions
- O’Keefe Featured in the Daily Journal on the 2016 Proxy Season September 15, 2016 • Media Mentions
- Pro Bono Team Advances CodeEd’s Comp Sci Efforts for Coeds September 14, 2016 • Client Successes
- SEC Proposes Exhibit Hyperlink Requirements September 8, 2016 • Client Alerts